Fun fact Amazon only survived as abusines because they moved away from owning inventory of books! Re-selling novels is a pocket change hustle. If you're going to sell books sell art books (coffee table books), text books or relevant tech books at least with those books you'd make $5-$100 profit and not $1-$10. Time is money!!
I worked at a Dollar Tree in Jackson WY. I was a cashier and every week on the same day of the week a guy came in and bought hundreds of books. His cart would always be full of them. After about his third visit I asked him, whay do you do with them all. He said he resold them on Ebay, Craigslist, Facebook Marketplace, etc and made 1000's of dollars a month. Some he kept or gave as gifts but most he sold!
@@WBKnoblock One of my friends who had a warehouse like yours,,,also worked for Hollywood in the mask making dept,, he was that good. So clutter is not always a bad thing.
@Karen Morris I seen "Awakened" by P.C. and Kristen Cast inside those Books! They were a very popular Book Series, and the Movie Rights to the Books were also purchased by a Movie Producer to make a movie about them. I was shocked to see that book in that store! I have the whole series, and I love those books!
A side note: If your business doesn't meet the $2000 monthly threshold, Payability will automatically reject your application. So don't waste your time if you're not at that level. THEY WILL ASK FOR PROOF.
Yeah there's also a $40/month fee to be an amazon seller as well as $10/month for the profit bandit app after 20 free scans. That's why it pays to do your own research.
It has been one of the best decisions I've made for my online business. It's a real directory with real wholesalers,drop shippers, and manufacturers, So I highly recommend if you are looking for a honest, and reliable directory for your business you should go with *MyOnlineSelling. Com* You won't regret it.
I tried this. Several times on amazon and ebay craiglist. I wasnt able to sell any thing. I didnt even lose out luckily because most of time i get them fpr free. But finding whats going to sell..is the hardest fricking part
Hey! If you want to get started, here is my Quick Start Guide to Retail Arbitrage! Gumroad.com/WBK Create your first FBA shipment >> ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-9gzH9JXZaN0.html Dollar Tree Arbitrage >> ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-wl___5ICUwk.html Dollar Tree Toothpaste >> ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-03yRe-TBVRQ.html Email Newsletter: eepurl.com/gvcAsn My Facebook page: facebook.com/WBKUltra Entrepreneur facebook group facebook.com/groups/WBKUltraGroup/ $250 signup bonus for Payability go.payability.com/WBK Free Business Insurance Quotes: wbkultra.com/business_insurance_quote FREE version of the video editing software I use: wbkultra.com/filmora ITEMS I USE: Polybags: amzn.to/2ITd2vF GoPro Hero 9: amzn.to/3ipv6Pm Magnet Fishing Magnet: amzn.to/2IWk2Ij RODE Iphone Mic: amzn.to/2L0eqPY Yeti Mic: amzn.to/31QMVOO Tape: amzn.to/2WMuVkF Scotty Peelers: amzn.to/2FiHP3X Goo Gone: amzn.to/2INhnAA Heat Gun: amzn.to/2XpY3CE Bubble Wrap Sheets: amzn.to/31FZpZt This post contains affiliate links. I wasn't explicitly clear but this is for Amazon.com. If you primarily sell on eBay, you would just use the eBay seller app to look things up.
Hey Walter, interesting video. I'm looking for the connection here. You spoke of Payability, but where does that come into play? You scan the titles for selling price, you purchase the books, you ship to Amazon. How does Payability fit in and how do you get paid by them? Thanks!
@@normac9931 that's not true, I sell high volume and they're a lifesaver, especially since dipping out of my personal funds to do business stuff is a bad habit.
For those that seem to be insta-hating on this, I have a question: Have you even run a business? Asking an honest question, not trying to flame. Because I have. 2 weeks waiting for payment for something you sold, is 2 weeks that money isn't working for you. Let me break down some math for you about exponential growth. Granted, this is going to be a bit of a simplification, but it'll show it's potential. And part of that is going to be only referring to 1 "item" when in fact you'd quickly diversify, to meet more needs and increase overall sales. Also, the starting point will be enough resources for 1 item. So, if you have an item that you can reliably sell every single day. But, lets just say, for argument's sake, that you can only sell ONE of those items per day. And lets say that's a 100$ item. And that the item costs $10 to acquire. Also I'm not going to factor in most of the fees, as that changes regularly, but I'll include the 2% knock off from Payability to show how a small percentage to increase turn around can be beneficial. If you have to wait 2 weeks before getting your money, the cycle will look like this. Day 1 Acquire 1 item, Sell 1 item, Day 2 - 13: waiting for money, nothing acomplished Day 14: paycheck received from Amazon 100 Day 14: 90$ profit, can afford 10 Items now If you get your money the next day after a sale, the cycle will look like this. Day 1 Acquire 1 item, Sell 1 item Day 2 Money received +$98 (2$ to payability fee), 9 Items bought[-90], 1 item sold, 8$ Day 3 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 106$ Day 4 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 204$ Day 5 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 302$ Day 6 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 400$ Day 7 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 492$ Day 8 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 590$ Day 9 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 688$ Day 10 Money received +$98 (2$ to payability fee), 4 Items bought[-40], 1 item sold, 696$ Day 11 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 794$ Day 12 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 892$ Day 13 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 990$ Day 14 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 1088$ So, between those two: On day 14 with option one would would have all 100 of your hard earned dollars... congratulations. You paid nothing extra, you kept a tight grip on your money. But with option two, because you were able to increase turn around time, on day 14 you had $1,088 in your pocket (even after paying the fees and having to buy more stock) That's nearly 11x the money. Now, for extra fun, lets say you found a local item that is absolutely HOT! As in, you can't keep it in stock, no matter what you do. They sell as quickly as you get them. And, Yes, this type of thing does happen from time to time with some trends. Especially if you can buy it locally where it's abundant and probably under appreciated, and then sell it online where those dying to find one can get their mitts on it. Think Furby, Tickle Me elmo, etc. Yes, they're fads, and will puff out eventually, but in the mean time you can make SERIOUS bank. So, for this one, I'm going to everything the same as I did with option 2, except, constant sales. Day 1 Acquire 1 item, Sell 1 item Day 2 Money received +$98 (2$ to payability fee), 9 Items bought[-90], 9 item sold, 8$ Left Day 3 Money received +$882 (18$ to payability fee), 89 Items bought, 89 item sold, 0$ Left Day 4 Money received +$8722 (178$ to payability fee), 872 Items bought, 872 item sold, 2$ Left Day 5 Money received +$85,456 (1,744$ to payability fee), 8,546 Items bought, 8,546 item sold, 8$ Left Day 6 Money received +$837,508 (17,092$ to payability fee), 83,751 Items bought, 83,751 item sold, 6$ Left Day 7 Money received +$8,207,598 (167,502$ to payability fee), 820,760 Items bought, 820,760 item sold, 4$ Left Day 8 Money received +$80,434,480 (1,641,520$ to payability fee), 8,043,448 Items bought, 8,043,448 item sold, 4$ Left Day 9 Money received +$788,257,904 (16,086,896$ to payability fee), 78,825,790 Items bought, 78,825,790 item sold, 4$ Left Day 10 Money received +$7,724,927,420 (157,651,580$ to payability fee), 772,492,742 Items bought, 772,492,742 item sold, 4$ Left Day 11 Money received +$75,704,288,716 (1,544,985,484$ to payability fee), 7,570,428,872 Items bought, 7,570,428,872 item sold, 0$ Left Day 12 Money received +$741,902,029,456 (15,140,857,744$ to payability fee), 74,190,202,945 Items bought, 74,190,202,945 item sold, 6$ Left Day 13 Money received +$7,270,639,888,610 (148,380,405,890$ to payability fee), 727,063,988,861 Items bought, 727,063,988,861 item sold, 6$ Left Day 14 Money received +$71,252,270,908,378 (1,454,127,977,722$ to payability fee), 0 Items bought, 0 item sold, $71,252,270,908,384 Left Now, before you say anything about this, NO this isn't something I find very likely to happen[with returns measured in trillions within 2 weeks]. And it's never happened to me to this extent. There does come a plateau point at some point along the line.I mean otherwise, day 11 represents every single person on this plant buying 1 on that day. This is just what is THEORETICALLY possible, based on exponential growth. Basically at some point either you're going to run out of the item/ resource, or everyone's going to have what they need and not need / want anymore. [which is why diversifying is so important for long term goals] But what this DOES illustrate is the power of exponential growth. The real numbers for what are likely to happen, are far less, I'm sure. But, I'm even more confident that the real numbers are, in fact, much higher than option 1. Because the money is constantly growing steadily instead of quick spurts. Also, because I know how comments sections are, I have no connection to payability. Nor this channel. But I do intend on looking into payability in the future to see if it's something that'd fit into my own specific workflow situation. If it's not, I won't use it. I'm just saying, don't disregard things without actually looking at them, and factoring in the big picture. You're doing yourself a big disservice. Failure to do so is why the majority of small businesses fail within the first couple years. Yet I've managed to keep mine going for almost 13 years.
So helpful! I just got approved yesterday and have been sourcing. Excited to start. I didn't think I could do it but you're so encouraging. Once I get on my feet and have some extra cash I'm definitely going to be a supporter of your channel! You're awesome!
I’m cracking up because I am a book reader and I recently told my coworker that I have been buying books from there for a dollar. I was impressed they had a lot of hardback books.
Ever purchased one that was signed by the Author?? I still have several brand new books that were signed by the author. I almost returned a couple one time, because I already had a copy in my collection, but I realized at the last second they were the wrong books. In truth they were some of the few that I had not looked inside and noticed that they were signed. The cashier's eyes lit up for a few seconds, until I quickly retracted and then brought the unsigned versions back. LOL... There was a time several years ago, when I used to buy about 2-5 new books every time I went into the $$ tree... I ended up with at least 1000 books. The total number of books I bought filled more than 35 boxes and more than 95% of the books were hard back books. Most of the boxes were those large boxes that hold 10-12 reams of paper for your printer, like when you buy in bulk/by the case, from Staples or any other office supply store. My boxes were slightly nicer and a little larger, but similar to that style of box. More than a third of a large moving truck had boxes of books, with at least 90% that I purchased at the $$ store. About 12 years ago, I came up with this same idea... While in college; I used to buy my textbooks online and then sell them back to the campus bookstore for more money than they cost online. Or I would sell them online if the bookstore's buy back price was too low. That's how I funded my book/textbook buying during my undergraduate programs and even my Master's program. I was doubling and tripling how much I spent on my college textbooks. Doing this, and then filling my addictive need to buy more books all the time at the && store, made me think about whether people were buying and then selling them online... and at the time I found no one that was doing it, but it worked if you were willing to take the time and get serious doing it. Anyone remember or ever use Half.com?? I've bought and primarily sold tons of books that way... I first learned about half.com, about a year or two after it first opened. My sister knew someone that I helped for a short time, selling tons of books there. He had thousands and thousands of books. It was as if the main library of a decent sized city, was moving to a different location, and all the books were stacked ready to be boxed, and some of them were already boxed, and then they were just left there unmoved. The space they filled was easily 2000 SqFt. & from 6-8' high of nothing but books. He had no idea how many were there or what books we might find. That was why I was helping. It was nothing but pure heaven for a bibliophile like me. :-D
Justin Taylor that’s funny. I remember buying books cheaper at a different University for lower price and selling them back for more after class. Back then internet was not as accessible like today. I am unsure about the authors signatures, I will check go forward. I don’t know if I will sell my books maybe those books I have more than one copy. I met someone that has 28k books I was jealous. The movers thought I was joking about the boxes of books. They were not happy because I put fragile on the boxes. Most women get excited about shopping. I get excited about looking for books. I have purchased from half.com and alibris.com
If you can't wait two weeks for a paycheck you aren't managing your money- your money is managing YOU. I would NEVER give 2% of my hard earned cash up to some random middle man just so I can get paid the day after a sale. Don't use Payability people. (That's the only problem I have with this video that really jumps out at me)
@@WBKnoblock Then they should make it a point to learn to how to save because learning how to spend is easy. I know roughly half of Americans don't have a $1000 saved which is just sad.
Depends tho. I'mo I'd wait for the 100 in 2 weeks. But if I could get 10 real fast, make 30 off of it. 50 +100. But if I had money to start off with then I wouldnt have that problem. So i only see that service as a once time use.
You have great content in your videos. I did not want to set on the side to thank you for sharing ❤ please never stop being you, you are just amazing, here to support you ❤️❤️👍have a blessed day ❤️Tysm 💘🥀💋😊🌎💃💯🤗.
I got a regular who comes in for books 🤣 90% of the time we know, we just dont care because it's one less thing we have to clean up or recover 🤷♀️🤷♀️
I would be would kinda surprised/upset if someone did care, I mean the store still makes money every time he comes in, what should it matter what he does with products he purchased.
@Melanie G I'm not disagreeing. We get certain buyout items from big box stores that still hold shelf value elsewhere., i was just trying to be funny. I'm the closing shift assistant manager in a high volume store and if someone wants to come in and buy it all I wouldn't even blink; my responsibilities are mostly recovery and cleaning up the store though and the more people buy the less I have to clean up before truck day!. what other people do with their money and how they make that money aint my business❤
@@WBKnoblock I'm sure it varies from title to title but how long doea it usually take to sale a book you send in to Amazon. And can you elaborate on storage fees Amazon charges to keep items that dont sale after 30 to 60 days? Thanks
@@WBKnoblock me neither Walt...and what if it does - I mean nobody said you gotta send it in today - you can check keepa and see it's seasonal info and just hold it at the house. You don't make any money on the books you don't buy. Plus, let's just say you stub your toe on this, so to speak...well, you learned some shit you didn't know a minute ago....the road to success is paved in failure.
After you are an Amazon seller, you will be able to log in and use UPS with Amazon's rates -- a great deal for sure but something to be considered. Amazon has LOTS of warehouses and you might have 50 books and 40 of them go to one warehouse and the other 10 are spread out between 3 or 4 warehouses. There are all kinds of ways to work around that but, mainly, if you don't have enough product to make a decent sizes shipment you are going to be paying more. Not a naysayer. Amazon can turn some good money but you have to pay attention and know what you are doing -- read all of the online training and such because, otherwise you won't make any money and will have lots of troubles -- and don't forget, Amazon can kick you off, forever, without any explanation so you are always playing by their rules -- so you better know them. I don't think it is nearly as easy as it used to be to make money with retail arbitration.
@@skysthelimitforeveryoung3437 There's added fees he didn't bring up either. $40/ month for an amazon seller account and profit bandit is $10/ month after 20 free scans. Every book I've looked up so far I'd be negative in profit. Just a heads up.
@@WhatTheFishFry I have seen similar warnings . Can anyone provide any other insight or feedback on high inventory storage fees, these fees and mounting costs.
Walter Blake Knoblock This sounds pretty awesome (I just subscribed to your channel). I would like to now more of your cool strategies for making money on-line please (No I'm not being sarcastic).
When submitting your receipt to Amazon for Dollar Tree items that you sold.... do you have to take a picture of the item with that receipt as well? I'm just getting started in this information would help me as I don't want to make a mistake and get my account suspended. Love your videos thank you
That book is being sold for .10 plus shipping used and $2.37 plus shipping new on Amazon. You're not going to make your money back, let alone a profit after the FBA fee.
WOW! Reading the comments here...Okay you'all. It's simple. YOU DO NOT have to sell books. Use your imagination, Think outside of the Box! Each $Store is like a yard sale or a thrift shop. A good portion of there product is the same the rest is like Christmas :-) As in ANY business you have to work, do your homework (and for those of you who do not like homework, Suck it up! or move on!), LOTS of research. You will need to make a 'Game Plan' and stick to it. You do not have to do it Walters way...BUT he is giving EVERYONE an AWESOME idea. It is up to YOU to make it happen. In today's economic two things are happening, Homeless is at an all time HIGH!(of no fault of there own; loss a job etc) MANY ways to become your own boss. Some have engineered both together making it work for them. Don't rag on Mr. Walters' because YOU DO NOT like his idea, others may, and others may even try it out for themselves. It is somebody's 'Cup of Tea', just not yours. Here's something I use to tell my mom: You don't have to like someone, just respect the differences between you both and move on :-) And if you don't like that one here's one for you: Your Only Limitation is Your Imagination Darling! It has been mine for 20-yrs, you may borrow it :-)
Eh its all hustle i can get a job sitting on my ass making 900 a week playing on my phone as boring as it is better than brain storming costantly on how to make the next hustle Im not bashing your way of making money but i think what your doing is comparable to having a lamborgini and only ever get up to 30 miles an hour its like you would have all this motivation to keep your mind busy and your using it all to find the laziest way to do it witch pays verry little when all you need to do is apply for the right job and work at it for a while
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I am going to look into this a bit. My dollars tree aren't neat like yours and there aren't as many books, but it certainly seems like a good idea. I keep seeing adds for FBA but they show flashy cars and vacations with free seminars that are trying to sign you up for their system. Thanks for your info.
What are you trying to sell? If you're restricted on that item then getting cleared is a long process and receipts won't work, but for selling books you don't need any proof of supplier
@@Coolguy26250 So even if I have Ooodddlleeess of Books that are in AMAZING no different than just purchased condition I can legally sell them...? Appreciate It King!
@@jacquijasieniecki9931 even if they're in used condition you can still sell them, but if it truly looks brand new fresh out the store you might be able to list as new but otherwise list as used
the Dollar store here, knows. They said, "These are books that would be thrown out....almost every one of these books is over run." If they don't sell at Dollar store they go into the dumpster. You are doing a good thing.
Good idea. Found 1 of my favorite books from the dollar store. Bought multiple copies to give to friends. 1 thing-since we get 1 earth maybe go in w a huge reusable bag vs taking all the plastic bags. Plastic is 1 of the things killing the environment.
moorsense True, but if you don’t sign up for the pro account, and you sign up for the individual account, there are additional fees for each sale, I believe it’s .99 ¢. Since he didn’t mention that fee either, and he’s doing this for a living, I assumed he was on the pro account. Either way, there are additional fees not mentioned.
I haven’t forgotten about that, it just didn’t seem pertinent to the video as I was responding to peoples concerns from my last dollar tree video. I have another video about FBA that has more details about the specifics.
Yes, except for the fact that she used to say, "I see..." before a name. Remember? I see, Edward & Thomas, oh, there's Amber & Grace... lol back in the good old days!
It would depend on what types of books YOU are sourcing. For me, I mostly am sourcing more valuable books from thrift stores so I make about $25-$50 per book and how many I sell in any given time period is based on how many profitable books I’ve found over the past 6 months, the sales rank of those books, what frequency I’ve listed them at, and how much above the lowest price I asking, if any number at all. If YOU put in the effort, you can easily make several thousand dollars a month, but it requires a plan and for that plan to be executed effectively.
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The real catch is thrift store trust me I’ve never thought about this but I find the cheapest steals from thrift store mostly new stuff too like I like new cheap things and I actually just got an idea from you to sell some of the things I brought thank you!
Curious, do you ONLY sell books as ‘New,’ never ‘Like New’? Wondering because I buy a lot of books at used book stores (and also thinking of those remainder books from Dollar Tree). Also, for smaller sellers would it be more profitable to ship books on your own, or do you recommend always using the Amazon storage & shipping?
here's one big problem, the books sell on amazon for 5 dollars sometimes, and they even include free shipping. It aint like you get full retail price for the book when somebody else is selling it for 5 dollars, even if you fulfill yourself, by the time you pay shipping you may make 2 dollars, that is on the prayer somebody wants that book. If you could sell it for retail it may work, but not this way
If you watched it, you don’t understand what’s amazon FBA is. I have stopped explaining things to people that I have made videos on. There are other youtubers who have made great videos about how Amazon FBA works too.
@@WBKnoblock Let me show you what Im talking about. I have a book in my hand, cost me 1 buck at dollar store. I type in the amazon calculator sellercentral.amazon.com/hz/fba/profitabilitycalculator/index?lang=en_US cost of item, 5 dollars (thats what its selling for) selling on amazon fees 2.55 fullfillment by amazon fee 4.92 Total Fullfillment cost 5.17 Cost of item 1.00 Profit: -3.72
4:52 I see Febreze and scented fragrance air fresheners, these seep into your surroundings like clothes, books, it soaks into everything! This is something buyers will notice if their products smell like nasty air fresheners if you spray that around your products!
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Out of the tens of thousands possibly hundreds of thousands of videos I've seen on RU-vid I've never seen somebody give credit the people who helped them makes the videos
Gen. Dollar: You dare exploit my merchandise and re sell it for your own gain? Walter Blake Knoblock: Of course! Gen. Dollar: Great job. I thought someone was going to do this one day if I offered low priced merchandise.
